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NOS, S.G.P.S., S.A (NOS) Fair Value & Analysis

Communication Services · PT · Market cap €2.6B

NS NOS, S.G.P.S., S.A NOS · LS
Price€5.22
Fair Value€10.11
Upside+93.7%
Quality95/100
Evidence: High Range €6.54 – €13.19

Fair value as of: Jun 25, 2026

From 25 valuation models · updated 5 days ago

Share price −2.3% over the past month.

Price vs Fair Value (12 months)

€5.56 €3.46 Fair Value €10.11 Jun 2025 Jun 2026

12‑month range €3.46 – €5.56 · fair‑value band €6.54 – €13.19 · the €5.22 price screens below the €10.11 fair value. As of Jun 25, 2026.

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Analysis

NOS, S.G.P.S., S.A (NOS) currently trades at €5.22, while our model-based Fair Value estimate is €10.11 — implying the stock looks roughly 93.7% undervalued today. We read business quality at 95/100 (high quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, NOS, S.G.P.S., S.A generated revenue of €1.9B at a net margin of 13.4%. Revenue grew 9.2% year over year. It earns a return on equity of 21.3%. Net debt stands at €1.0B. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) €1.9B
Revenue growth (YoY) +9.2%
Net margin 13.4%
Return on equity 21.3%
Free cash flow €401M FY2025
P/E ratio 10.8
More key figures
Operating margin 17.3%
EPS (TTM) €0.4800
Dividend yield 6.7%
EPS growth (YoY) +3.6%
Net debt €1.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

NOS, S.G.P.S., S.A. together with its subsidiaries, engages in the telecommunications and entertainment business. The company offers cable and satellite television, voice and internet access, mobile broadband internet access and mobile voice; and voice over internet protocol services. It is involved in publishing and sale of video grams; advertising on pay-TV channels; operation of cinemas and mobile communications network; distribution of films; production of pay-TV channels; data center management; licensing; and provision of engineering and consultancy services in information systems. In addition, the company engages in the negotiation, acquisition, purchase, and distribution of content rights and other multimedia products; distributing films; acquiring/negotiating rights for pay-TV and video-on-demand; cinema exhibition and distribution; sale of DVDs and insurance; and provision of security solutions. Further, it invests in and supports the development of companies that commerci…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NOS, S.G.P.S., S.A reported revenue of €1.8B in FY2025 versus €1.4B in FY2021, a compound +6.3%/yr. Reported net income was €246M in FY2025, compounding +14.3%/yr from FY2021.

Revenue +6.3%/yr
FY21 €1.4B
FY22 €1.5B
FY23 €1.6B
FY24 €1.7B
FY25 €1.8B
Net income +14.3%/yr
FY21 €144M
FY22 €225M
FY23 €181M
FY24 €272M
FY25 €246M

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Similar stocks

6 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

Stock Price Fair Value vs Fair Value
SoftBank Group SFTBF $41.03 $68.21 +66%
China Mobile Limited 0941 HK$82.40 HK$80.23 -3%
T-Mobile US, Inc TM5 €158.74 €267.43 +68%
Verizon Communications Inc BAC €40.66 €48.01 +18%
AT&T Inc SOBA €20.05 €29.14 +45%
Deutsche Telekom AG DTE €26.12 €44.50 +70%

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Frequently asked questions

Is NOS, S.G.P.S., S.A (NOS) undervalued?
As of Jun 25, 2026, our model estimates a fair value of €10.11 versus a price of €5.22 — about +94% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NOS?
Our 21-model fair value for NOS, S.G.P.S., S.A is €10.11 (as of Jun 25, 2026), built from audited fundamentals. The current price is €5.22.
What is the quality score of NOS?
NOS, S.G.P.S., S.A has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NOS, S.G.P.S., S.A (NOS)?
NOS, S.G.P.S., S.A reported trailing-twelve-month revenue of about €1.9B (latest available figure, as of Jun 25, 2026).
What is the net profit margin of NOS?
The net profit margin of NOS, S.G.P.S., S.A is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.
Does NOS, S.G.P.S., S.A pay a dividend?
NOS, S.G.P.S., S.A currently shows a dividend yield of about 6.65% relative to its recent price (as of Jun 25, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.